Only 158K jobs were added in the private sector in June according to ADP. The figure for May was revised down to 230K, still way above the BLS figure. This is a worse outcome than expected. While this doesn’t necessarily mean a weak growth in jobs in the official figure, the dollar reacts. The movements are not huge, but the direction is clear: USD/JPY slipped to 1.1320 EUR/USD extends its ascent en route to 1.14. GBP/USD is getting closer to 1.2950. AUD/USD is heading to 0.7590. USD/CAD is at 1.2940. The ADP Non-FArm Payrolls report was expected to show a gain of 185K jobs in June, after a whopping 253K in May. This is considered a significant hint towards the Non-Farm Payrolls on Friday, but the official BLS version and this publication beg to differ in many cases. The US dollar was doing well against the yen but falling against the euro. The euro enjoyed upbeat meeting minutes from the ECB and erased around half of the correction. In any case, the reaction to the NFP depends on the wages. Preview: NFP Preview: jobs distraction could be an opportunity to trade the wage data Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next ISM Non Manufacturing PMI beats with 57.4 – USD hardly Yohay Elam 6 years Only 158K jobs were added in the private sector in June according to ADP. The figure for May was revised down to 230K, still way above the BLS figure. This is a worse outcome than expected. While this doesn't necessarily mean a weak growth in jobs in the official figure, the dollar reacts. The movements are not huge, but the direction is clear: USD/JPY slipped to 1.1320 EUR/USD extends its ascent en route to 1.14. GBP/USD is getting closer to 1.2950. AUD/USD is heading to 0.7590. USD/CAD is at 1.2940. The ADP Non-FArm Payrolls report was expected to show a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
